Question

Contribution of organised and unorganised sectors

Answer 1

Answer:

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Explanation:

The unorganised sector has a crucial role in our economy in terms of employment and its contribution to the National Domestic Product, savings and capital formation. Thus, non-corporate enterprises can figure under either of the two (organised and unorganised) sectors in the national income classification.

Answer 2

Explanation:

But the contributions made by the unorganised sector to the national income, is very substantial as compared to that of the organised sector. It adds more than 60% to the national income while the contribution of the organised sector is almost half of that depending on the industry.